Newmark(NMRK)

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Newmark(NMRK) - 2025 Q1 - Quarterly Results
2025-04-30 12:43
Financial Performance - Total revenues for Q1 2025 were $665.5 million, a 21.8% increase compared to $546.5 million in Q1 2024[5] - GAAP net income improved to a loss of $8.8 million, a 46.1% reduction from a loss of $16.3 million in the previous year[5] - Post-tax adjusted earnings rose to $54.3 million, reflecting a 45.2% increase from $37.4 million in Q1 2024[5] - Total revenues for FY 2025 are projected to be between $2,900 million and $3,100 million, representing a year-on-year increase of 6% to 13% from the FY 2024 actual of $2,738.5 million[19] - Adjusted Earnings Per Share for FY 2025 is expected to be in the range of $1.40 to $1.50, reflecting a year-on-year growth of 14% to 22% from the FY 2024 actual of $1.23[19] - Adjusted EBITDA for FY 2025 is forecasted to be between $495 million and $545 million, indicating an 11% to 22% increase compared to the FY 2024 actual of $445.3 million[19] - Total revenues for Q1 2025 reached $665.5 million, a 21.7% increase from $546.5 million in Q1 2024[41] - Management services, servicing fees, and other revenues increased to $283.9 million, up 10.5% from $256.9 million year-over-year[41] - Leasing and other commissions rose to $208.1 million, a 30.9% increase compared to $158.8 million in the same period last year[41] - Capital markets revenues grew by 32.6% to $173.5 million from $130.8 million year-over-year[41] - Adjusted Earnings before noncontrolling interests and taxes for Q1 2025 was $62.85 million, up 46% from $42.91 million in Q1 2024[84] - Post-tax Adjusted Earnings for Q1 2025 reached $54.35 million, compared to $37.42 million in Q1 2024, reflecting a 45% year-over-year increase[84] - Adjusted EBITDA for Q1 2025 was $89.20 million, a 40% increase from $63.48 million in Q1 2024[92] Expenses and Liabilities - Total expenses for Q1 2025 were $683.8 million, a 20.1% increase from $569.1 million in Q1 2024[10] - Total operating expenses increased to $683.8 million, up 20.2% from $569.1 million in Q1 2024[41] - Cash and cash equivalents decreased to $157.1 million from $197.7 million at the end of 2024, while total corporate debt rose to $770.9 million[14] - Total liabilities rose to $3.29 billion, compared to $3.17 billion at the end of Q4 2024[39] Capital and Liquidity - Newmark's net leverage ratio was 1.3 times as of March 31, 2025[14] - Total corporate debt as of March 31, 2025, was $770.9 million, resulting in a net leverage ratio of 1.3 times based on trailing twelve-month Adjusted EBITDA of $471.0 million[99] - Newmark's liquidity is defined as the sum of cash and cash equivalents, marketable securities, and reverse repurchase agreements, less securities lent out[77] - The company’s liquidity excludes marketable securities financed and does not include the value of undrawn revolving credit lines[6] Dividends and Share Count - A quarterly dividend of $0.03 per share was declared, payable on May 29, 2025[16] - The company aims for annual share count growth of 2% or less over time[20] - Future dividends payable by the company will be at the discretion of its Board of Directors, based on the fully diluted share count[69] Market Outlook - The outlook for FY 2025 is contingent on the recovery of industry leasing and capital markets activity, amidst macroeconomic uncertainties[19] - Newmark's total revenues include non-cash gains from originated mortgage servicing rights, which are recognized at commitment[23] - The company continues to focus on its Management Services, Servicing, and Asset Management businesses, which are considered resilient and recurring revenue streams[24] Notable Transactions - Recent notable transactions include a $360 million sale of two office towers and a $2.3 billion construction financing for a data center[32] Operational Metrics - Newmark generated revenues of over $2.8 billion for the twelve months ended March 31, 2025[102] - As of March 31, 2025, Newmark operated from 165 offices with approximately 8,100 professionals across four continents[102] - Newmark provides a comprehensive suite of services and products tailored to various clients, including owners, occupiers, investors, and startups[102]
Newmark(NMRK) - 2025 Q1 - Earnings Call Presentation
2025-04-30 12:15
Newmark Group, Inc. (Nasdaq: NMRK) First Quarter 2025 Financial Results Presentation April 30, 2025 Property Type: Office N M R K .C OM Disclaimers Discussion of Forward-Looking Statements References in this document to "we," "us," "our," the "Company" and "Newmark" mean Newmark Group, Inc., and its consolidated subsidiaries. Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to d ...
Newmark Reports First Quarter 2025 Financial Results
Prnewswire· 2025-04-30 12:15
Conference Call to Discuss Results Scheduled for 10:00 a.m. ET TodayNEW YORK, April 30, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three months ended March 31, 2025, and declared its quarterly dividend.A complete and full-text financial results press release, including info ...
Newmark Secures £153 Million Financing for UK Logistics Portfolio on Behalf of Brookfield and Copley Point Capital
Prnewswire· 2025-04-24 09:00
Core Insights - Newmark Group, Inc. has arranged a £153 million loan to refinance a portfolio of four prime UK logistics assets for Brookfield and Copley Point Capital [1] - The portfolio, totaling 1.6 million square feet, was strategically assembled during dislocated capital market conditions in 2023 and consists of highly reversionary warehouses on long-term leases [2] - Newmark generated revenues exceeding $2.7 billion for the twelve months ended December 31, 2024, and operates approximately 170 offices with over 8,000 professionals globally [3]
Newmark Arranges Sale of Five-Property, Nearly 1,250-Unit National Student Housing Portfolio
Prnewswire· 2025-04-16 20:00
Core Insights - The transaction represents the largest student housing portfolio sale in the U.S. year-to-date, involving a five-property portfolio with 1,248 units and 3,693 beds across Florida, Texas, Indiana, and North Carolina [1][4] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor and service provider, focusing on large institutional investors and global corporations [1][5] - For the twelve months ending December 31, 2024, Newmark generated revenues exceeding $2.7 billion and operates approximately 170 offices with over 8,000 professionals globally [5] Market Demand - The portfolio includes properties near top-ranked universities with an average enrollment of over 47,000 students, highlighting the demand for premium student housing [3][4] - The transaction underscores the growing interest in high-quality student housing assets as enrollment numbers rise and campuses expand [4] Transaction Details - The sale was facilitated by Newmark's team, including executives specializing in student housing and global debt [2] - In Q1 2025, Newmark executed student housing sales and financing transactions totaling over $1 billion, following a strong Q4 2024 with over $1.5 billion in transactions [4]
Newmark Announces Enhanced Global Property and Facilities Management Structure
Prnewswire· 2025-04-14 16:05
Core Insights - Newmark Group, Inc. has unified its Property Management and Facilities Management service lines to enhance integrated solutions for clients globally [1][2] - The company aims to generate over $2 billion in revenues from recurring businesses within five years, leveraging its growing international presence [2][8] - Management Services revenues have increased by approximately 78% over the past four years, with square feet managed improving by 74% [2][8] Company Structure and Leadership - Richard Holden has been promoted to President of Property and Facilities Management, while Jason Martindale has been appointed as Global Facilities Management Leader [1][3] - Holden has over 25 years of experience and has been with Newmark since December 2019, overseeing the Property Management business in the U.S. [2][3] - Martindale, serving since January 2023, will focus on driving operational excellence and innovation in Facilities Management services [3][4] Strategic Goals and Client Benefits - The unification of services is expected to provide clients with better visibility, control, and access to Newmark's expertise, enhancing agility and confidence in operations [4] - The new structure aims to deliver a higher level of strategic oversight, ensuring consistent service across markets and industries [4] - Newmark's commitment to innovation positions it to offer clients a smarter way to manage their real estate portfolios [4] Financial Performance - For the twelve months ended December 31, 2024, Newmark generated revenues exceeding $2.7 billion [5][8] - In 2024, the company reported approximately $1.1 billion in total revenues from recurring businesses, with $833 million from Management Services [8]
Is Newmark Group (NMRK) a Great Value Stock Right Now?
ZACKS· 2025-04-14 14:45
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Newmark Promotes Luis Alvarado to Chief Operating Officer
Prnewswire· 2025-04-08 20:10
Role Includes Operational Oversight of Fastest-Growing Publicly Traded CRE Company1NEW YORK, April 8, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the promotion of Lou Alvarado to the newly created Chief Operating Officer position, effective immediately. In this new role, Alvarado will be responsible for optimi ...
Newmark's First Quarter 2025 Financial Results Announcement to be Issued Prior to Market Open on Wednesday, April 30, 2025
Prnewswire· 2025-04-04 13:00
Conference call scheduled for the same day at 10:00 a.m. ETNEW YORK, April 4, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its first quarter 2025 financial results press release and conference call. The Company plans to issue an advisory press release regarding the availability of its conso ...
4 Reasons to Add Newmark Group Stock to Your Portfolio Now
ZACKS· 2025-03-26 16:20
Newmark Group, Inc. (NMRK) continues to build strong momentum through market share gains, strategic investments and a resilient model. Despite economic uncertainty, this real estate operations company’s solid capital market platform, servicing business and strong cash flow support its long-term growth prospects.While NMRK has declined 0.7% over the past three months, narrower than the industry’s fall of 1.9%, analysts seem bullish about its prospects. This is indicated by the upward revision of the Zacks Co ...